Power Co. of Canada (TSE:POW) Price Target Raised to C$101.00 at TD

Power Co. of Canada (TSE:POW) had its target price hoisted by equities researchers at TD from C$84.00 to C$101.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD’s price objective indicates a potential upside of 4.45% from the company’s current price.

A number of other equities research analysts have also weighed in on POW. Scotia boosted their price target on Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 14th. Royal Bank Of Canada increased their price objective on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. National Bank Financial lifted their target price on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Monday. TD Securities downgraded shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, BMO Capital Markets boosted their target price on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$86.60.

Power Co. of Canada Stock Up 4.4%

Shares of Power Co. of Canada stock traded up C$4.08 during trading on Friday, reaching C$96.70. The company’s stock had a trading volume of 1,119,350 shares, compared to its average volume of 2,349,384. Power Co. of Canada has a 1-year low of C$55.36 and a 1-year high of C$97.66. The company has a 50-day simple moving average of C$87.84 and a two-hundred day simple moving average of C$76.39. The company has a quick ratio of 107.64, a current ratio of 0.87 and a debt-to-equity ratio of 86.98. The company has a market cap of C$60.94 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 0.57 and a beta of 0.73.

Power Co. of Canada (TSE:POW) last announced its earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share (EPS) for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%.The company had revenue of C$11.70 billion for the quarter. As a group, equities analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.